Amir Chand Jagdish Kumar (Exports) Limited IPO Day 3: GMP ₹0, Subscription 1.5x
As the IPO of Amir Chand Jagdish Kumar (Exports) Limited, a mainboard offering on the NSE, enters its final day of subscription on March 27, 2026, investors are closely watching the subscription numbers. The issue, which opened on March 24, 2026, with an issue price of ₹212 per share, has seen a mixed response across different investor categories. With the IPO period concluding today, this update provides a crucial look at the latest subscription figures and Grey Market Premium (GMP) status.
Subscription Status
Day 3 of the Amir Chand Jagdish Kumar (Exports) Limited IPO has seen the overall subscription reach 1.47 times. Breaking down the category-wise subscription reveals distinct investor behaviors. The Retail Individual Investor (RII) segment is subscribed 0.56 times, indicating a cautious approach from smaller investors. In contrast, the Non-Institutional Investor (NII) category has shown strong interest, subscribing 5.24 times. This robust participation from NIIs suggests confidence in the company’s prospects from high-net-worth individuals. The Qualified Institutional Buyer (QIB) segment, typically a significant indicator, is subscribed 0.78 times. While not fully subscribed, a QIB subscription below 1x on the final day might warrant further scrutiny for some investors.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 0.56x | |
| NII / HNI | 5.24x | |
| QIB | 0.78x | |
| Total | 1.47x |
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 01 Apr | 0.56x | 5.24x | 0.78x | 1.47x |
| 31 Mar | 0.56x | 5.24x | 0.78x | 1.47x |
| 30 Mar | 0.56x | 5.24x | 0.78x | 1.47x |
| 29 Mar | 0.56x | 5.24x | 0.78x | 1.47x |
| 28 Mar | 0.56x | 5.24x | 0.78x | 1.47x |
GMP Update
The Grey Market Premium (GMP) for Amir Chand Jagdish Kumar (Exports) Limited IPO remains at ₹0. This is unchanged from the previous day’s GMP of ₹0. A GMP of ₹0 suggests that the market is currently expecting the stock to list at or around its issue price of ₹212. This lack of premium in the grey market indicates subdued demand or uncertainty regarding immediate post-listing gains. Investors often use GMP as an indicator of market sentiment, and a static ₹0 GMP points towards a neutral outlook.
Should You Apply?
The decision to apply for the Amir Chand Jagdish Kumar (Exports) Limited IPO should be based on a balanced assessment of the available data. The strong subscription in the NII category is a positive sign, demonstrating confidence from a segment of sophisticated investors. However, the under-subscription in the Retail and QIB categories, coupled with a ₹0 GMP, suggests that significant listing gains might not be on the immediate horizon. Investors are advised to conduct thorough due diligence on the company’s fundamentals, future growth prospects, and financial health. As always, it is recommended to consult with SEBI-registered investment advisors before making any investment decisions. View Full Amir Chand Jagdish Kumar (Exports) Limited IPO Details